Housing costs in Kokomo?
A typical home costs
$163,800, which is 51.6% less expensive than the national average of
$338,100 and 26.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Kokomo costs
$850 per month, which is 13.3% cheaper than the national average of
$980 and 3.5% cheaper than the state average of
$880.
Can I afford Kokomo?
To live comfortably in Kokomo (zip 46902), Indiana, a minimum annual income of
$31,320 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Kokomo?
Kokomo, IN (46902) is a great place to live for those on a budget. The cost of living here is lower than the national average, with housing prices that are significantly lower than in many comparable cities. According to Zillow, the median home value in Kokomo is about $88,175—substantially less expensive than states like California. Furthermore, the city’s unemployment rate of 3.8% is much lower than other parts of the country. This means finding a job in this area can be relatively easy when compared with other areas. Paired with its inexpensive grocery stores and affordable dining options, Kokomo has become an attractive option for those looking to live comfortably while spending less money.